MSC’s net profit surged to RM39.45mil from RM2.93mil in its second quarter ended June 30, 2022 mainly due to higher average tin prices of RM158,900 per tonne during the quarter compared with RM122,900 per tonne a year earlier.
PETALING JAYA: Malaysia Smelting Corp
Bhd (MSC) expects to continue benefiting from the current tin prices, despite inflationary pressures, higher logistics and operating costs in its smelting and tin mining businesses.
MSC’s net profit surged to RM39.45mil from RM2.93mil in its second quarter ended June 30, 2022 mainly due to higher average tin prices of RM158,900 per tonne during the quarter compared with RM122,900 per tonne a year earlier.
Basic earnings per share stood at 9.40 sen, compared with 0.70 sen previously.
